Karachi: The Pakistan Stock Exchange (PSX) has announced a revision in the trading and settlement schedule for deliverable future contracts (DFC) concerning UBL Pakistan Enterprise ETF. This adjustment follows the announcement of a book closure date for the company, necessitating changes to the previously notified schedules for the July 2025 and August 2025 contracts.

According to the revised schedule, the trading for the July 2025 DFC, originally opened on April 28, 2025, will close on June 30, 2025, with settlement finalizing on July 2, 2025. Similarly, the August 2025 DFC opened on June 2, 2025, will also close on June 30, 2025, with settlement occurring on July 2, 2025. These contracts will trade on a cum-benefit basis, allowing shareholders to receive any declared benefits.

In contrast, the trading and settlement schedule for contracts without entitlement benefits, designated as JULB and AUGB, will begin on June 27, 2025, for both. The JULB contract will close on July 25, 2025, with settlement on July 29, 2025, and the AUGB contract will close on August 29, 2025, with settlement on September 2, 2025. According to information available from the Pakistan Stock Exchange (PSX), these contracts will be traded on an ex-benefit basis, meaning they will not include any entitlement rights.

The PSX has emphasized its authority to alter or adjust the dates or duration of these contracts if necessary. Additionally, market participants must note that an overlapping period will occur on June 27, 2025, and June 30, 2025, during which both cum-benefit and ex-benefit trading will occur for the UBL Pakistan Enterprise ETF.

The changes reflect the PSX's commitment to ensuring efficient market operations while accommodating corporate actions such as book closures that impact trading and settlement activities.